Olympics and their economic impact: Updated research roundup By John Wihbey The Olympics are about competition and heroics and national pride. But they are also about big business. Long after the crowds vanish, it turns out that some host cities and countries ended up taking large net losses on their investments.
The Summer Olympic Games in London will be huge, with the backdrop in one of the most vibrant, recognized cities of the world.
Although piles of money are spent on infrastructure and the rights to the games, the country, corporations and surrounding businesses make significant revenue from the waves of global visitors. These games create economic legaciesacting as a catalyst for future revenue streams for years to come.
Interesting facts on the business and procurement opportunities so far, according to London If you are an existing business who can meet the pre-determined criteria for procurement opportunities, you may be well positioned to take advantage of these last-minute procurement opportunities.
Whistler — Vancouver Olympic Business Statistics Just to demonstrate the magnitude of business generated by hosting an Olympic games, here are the statistics on the Whistler — Vancouver Winter Olympic Games statistics noting that there may be many differential factors between games: Ensure you read through the procurement details to be eligible in any procurement system or process.
Websites list the standard application procedures and the basic criteria to meet.
Your team would have to jump on development of a package quickly to meet deadlines. If you are in the global procurement game, your team may already been prepared for this. In any case, adequate due diligence must be taken on the supplier side and the Games business contracting unit.
Relevant blogs and articles:Jul 16, · London Olympics: business embassy's £1bn goal The creation of a British 'business embassy' during the Olympic Games could boost the economy .
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Business And Marketing Strategies Of London Olympics Marketing Essay. Print Reference this.
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Ask New Question. Al Spohn, Summer Olympics in London: What was the USA's game plan in the team women's gymnastics competition on Sunday?.